Company Registration No. SC024976 (Scotland)
Margaret McIver Limited
Unaudited accounts
for the year ended 30 April 2026
Margaret McIver Limited
Unaudited accounts
Contents
Margaret McIver Limited
Company Information
for the year ended 30 April 2026
Directors
Mrs A Dick
DJR McArthur CPA(Ontario) CA(Ontario)
Mrs F Weber
Company Number
SC024976 (Scotland)
Registered Office
244 Gallowgate
Glasgow
G4 0TT
Accountants
The Accounting Crew
Certified Public Accountants
Office Suite 3
Shrieves Walk
Stratford-Upon-Avon
CV37 6GJ
Margaret McIver Limited
Statement of financial position
as at 30 April 2026
Tangible assets
621,522
577,722
Investments
572,000
466,000
Cash at bank and in hand
1,114,502
916,099
Creditors: amounts falling due within one year
(453,662)
(371,787)
Net current assets
773,717
627,774
Total assets less current liabilities
1,967,239
1,671,496
Creditors: amounts falling due after more than one year
(110,351)
-
Net assets
1,856,888
1,671,496
Called up share capital
50,000
50,000
Capital contribution reserve
139,932
139,932
Profit and loss account
1,666,956
1,481,564
Shareholders' funds
1,856,888
1,671,496
For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by
Mrs A Dick
Director
Company Registration No. SC024976
Margaret McIver Limited
Notes to the Accounts
for the year ended 30 April 2026
Margaret McIver Limited is a private company, limited by shares, registered in Scotland, registration number SC024976. The registered office is 244 Gallowgate, Glasgow, G4 0TT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
No depreciation has been provided on the Buildings. The Directors are of the opinion that these buildings are maintained in good state of repair and accordingly, the market value of these properties is in excess of their stated value in the accounts. This is a departure from the Companies Act 2006 and FRS 15. In the opinion of the directors, this departure is not material.
Other tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight Line over 3 years
Investments are shown at cost less amounts written off.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
Turnover and profit on ordinary activities before taxation are attributable to the rental of market stalls, Barrowland Ballroom and other properties.
Margaret McIver Limited
Notes to the Accounts
for the year ended 30 April 2026
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2025
566,267
482,641
1,048,908
At 30 April 2026
624,267
482,641
1,106,908
At 1 May 2025
41,700
429,486
471,186
Charge for the year
-
14,200
14,200
At 30 April 2026
41,700
443,686
485,386
At 30 April 2026
582,567
38,955
621,522
At 30 April 2025
524,567
53,155
577,722
5
Investments
Other investments
Valuation at 1 May 2025
466,000
Valuation at 30 April 2026
572,000
The Company owns the whole of the share capital of East End Catering Company Limited. The Directors assessed the net realisable value of this investment at £571,000.
The Company also owns 20,000 shares of the Barras Centre Limited. The Company's Directors assessed the net realisable value of this investment, and have written it down to a nominal value of £1,000.
Amounts falling due within one year
Trade debtors
55,379
31,964
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
5,513
15,796
Trade creditors
155,761
149,103
Taxes and social security
121,000
113,114
Other creditors
99,229
93,774
There is a first Standard Security in favour of the Company's bank over 13 Gibson Street, Glasgow for all sums due to the bank.
Margaret McIver Limited
Notes to the Accounts
for the year ended 30 April 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Amounts owed to group undertakings and other participating interests
110,351
-
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
10
Average number of employees
During the year the average number of employees was 70 (2025: 65).